Term deposits - act today!

Pandora123_2

I've been eyeing up these term deposits from Clydesdale Bank, since the BoE rate is now so low, and could go even lower:

18 months - 6.05%
2 years - 6.05%
3 years - 6.10%

As I'm awaiting funds to be released for Icesave compensation from FSCS, I was worried that these rates would be pulled before I get the money.

I called Clydesdale today and they said that the rates may change tomorrow, BUT if I put my name down in their system today, they will send me the application forms and I would have two weeks to complete them and fund the accounts, with the rates guaranteed until then.

So anyone thinking of putting funds in for the longer term may be interested in doing the same, to lock in this rate for the next two weeks.

Also, Yorkshire Bank is part of the same banking group, and they currently have the same deals (not sure when those rates may change, but likely at same time the Clydesdale ones do).

alchemistkevin

Last time I checked ICICI we still offering 7.10% on fixed deposits of a year or over.

KingL

They aint no more.

meunier

Just spoke with Clydesdale. If you need monthly interest (which I do) the deal evidenced in the first item is not possible as you will have to open the deposit in a Branch and they are not able to hold rates - and have the monies paid into another Cyldesdale account.

gvlewis

Bank of Cyprus has some competitive rates for those who are still looking for a fixed rate bond. As long as you are not put off by the 'small island' factor.

Extracted from www.bankofcyprus.co.uk/

"24th issue - 6 month term
6.86% AER / 6.75% gross p.a. guaranteed fixed rate
Minimum deposit £1

25th issue - 2 year term
6.55% AER / gross p.a. guaranteed fixed rate
Minimum deposit £1
26th issue - 1 year term
6.50% AER / gross p.a. guaranteed fixed rate
Minimum deposit £1
26th issue 1 year term - monthly interest option
6.43% AER / 6.25% gross p.a. guaranteed fixed rate
Minimum deposit £50,000"

Baldur

gvlewis wrote: »

Bank of Cyprus has some competitive rates for those who are still looking for a fixed rate bond. As long as you are not put off by the 'small island' factor.

I'd be more put off by the 'limits of compensation' factor.

gunnaknow

The forms have to be printed and I don't have a printer! If they remove it from their website tommorow then I can't apply.

rlfan82

gunnaknow wrote: »

The forms have to be printed and I don't have a printer! If they remove it from their website tommorow then I can't apply.

Can you not....File-->Save as... --> Save complete webpage???

gunnaknow

rlfan82 wrote: »

Can you not....File-->Save as... --> Save complete webpage???

Done. You sir, are a genius! Thankyou, thankyou!

BioBlinx

Hey guys well after ICICI have pulled their 7.10% savings offering I've been browsing a little more for any other best rates before I choose where to put my money.

I was wondering if I can grab some advice and opinions on a bank called AKBank NV that I came across searching MoneySupermarket. Its a 1 year fixed rate 7% account thought its a dutch bank from what Ive gathered. However, it looks like it does have a compensation scheme that would cover the amount I have to deposit. Are there any other reasons I should be thinking of staying clear of this or does it look like a pretty good deal?

gunnaknow

Perhaps try Birmingham Midshires, 6.6% 1 year fixed rate, or their 6.97% six month fixed rate.